Goldgart v. People ex rel. Goar

Citations

• 106 Ill. 25
• 1883 Ill. LEXIS 137

Syllabus

<p>1. Taxation—credits liable thereto. Under the statute, “credits” are required to be taxed, and the statute is not subject to any constitutional objection, even if the property for which the credit was given is also taxable: They, like other personal property, are required to be listed by the owner, if a resident of the State, or if it be controlled by an agent, then by the agent.</p> <p>2. Same—situs of credits. If the owner of credits resides in the State, there is jurisdiction over his person and over his credits, which in the law, in the absence of anything showing they have a situs elsewhere, accompany him. If he is absent from the State, but the credits are in fact here, in the hands of an agent, for renewal or collection, with the view of reloaning the money by the agent as a permanent business, they have a situs here for the purpose of taxation.</p> <p>3. A non-resident creditor having debts due him from residents of the State, not put into the hands of an agent here, is not liable to taxation in this State. Such credits follow his person, leaving nothing here to which jurisdiction can attach, it being the credits, not the debts, which are taxable.</p>